Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

RSherman

(576 posts)
1. I just heard an interview on Fresh Air about FAIR insurance
Thu Mar 28, 2024, 02:54 PM
Mar 28

It basically encourages people to move to bad areas that are prone to storms, hurricanes, wildfires, drought because those states don't want to lose population. They want people to keep coming.

"And so Florida devised a state-run insurance plan that would make insurance available to any homeowner who wanted to buy it through the state. And eventually they promised to discount that plan so that it would actually be cheaper than what the free market insurance was providing. Systems for insurance like that have now been replicated in about 30 states across the country. They're called FAIR plans - for fair access to insurance - and it has essentially made it less expensive for Americans to move into places that are threatened by hurricanes, threatened by wind damage, threatened by flooding. In some cases, though, you mentioned, flooding is now covered by the federal government, another form of that subsidy."

https://www.npr.org/2024/03/26/1239904742/how-climate-driven-migration-could-change-the-face-of-the-u-s

Another thought about climate migration: Some people do not want people coming here from other climate-ravaged countries. Yet, what will happen when people from AZ, CA, the Gulf Coast, FL want to move back up north after their water is gone, or they've overbuilt and can no longer support the infrastructure? Should states that have handled their resources well "build a wall"?

Latest Discussions»General Discussion»Property insurance afford...»Reply #1